April 30, 2007

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Bankruptcy News on the Internet 

Also available on the Web (with links to the news stories) http://bkinformation.com/News/DailyNews.htm
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Aviation:

Delta Air Lines exits Chapter 11 ahead of schedule
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Delta plans changes as it leaves bankruptcy behind
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Delta's Ch. 11 case: The human factor
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Airline is shirking its duty
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Delta Air Line's Statement
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Overseas focus key to Delta's protection exit
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Now what's ahead for Comair?
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United Unions Criticize Management Over First-Quarter Results
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United's shares drop 8%
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Hawaiian Air CEO pay package at $2.5M
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Northwest flight attendants get some details of deal
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Pilots protest pay disparities
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Business travel to cost more, deliver less
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AirTran ridicules Midwest profit
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Law:

What can happen when one partner's practice motors ahead of the others
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$50k Club: Weil Makes It the Fab Four
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Civil Sanction Lifted Against Financier Armstrong After Judge Finds Confinement for Contempt Ineffective
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Lawyer of the Day: Thomas Sjoblom
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Associate Pay Climbs at Top London Firms
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Say What?!
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What Is Life Like at the Top?
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Minorities Wait for BigLaw to Catch Up
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Federal Judge Questions Wilson Sonsini's Role in Brocade Suit
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More Associates Getting More Money, But at Least One Firm Still Feeling Scroogy
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A Good Ol' Fashion Texas Showdown: Coon v. Chamber
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What Well-Dressed, Wiseass Associates Are Wearing
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Partnership track 2007: associates waiting longer to make partner
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Executive rehab for stressed lawyers
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Could it be that "great teams are less productive?"
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Legal Advice from India
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Prodigy Watch
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Former Milberg Partner Seeks Dismissal of Kickback Charge
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Steve Schulman Fires Back
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Big-Tex Firms Post Biggest Overall Revenue Increase in Five Years
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Law & Order: The Final Doink-Doink?
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Law Firms Need to Learn to Manage Billing
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Speeding ticket experience a miscarriage of justice?
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Gonzales Stays but Faces More Questions
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UVa law students' case picked by Supreme Court
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Economy:

Pace of Economic Growth Slows
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Bad news: This bubble is worldwide
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Consumer spending grew 0.3%, slower than expected, and posted a decline after adjusting for price increases
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Corporate Reform:

Black trial turns on 'ruthless' Radler
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Conrad Black Bypassed Hollinger Audit Committee, Economist Says
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Black advised to be humble, trial told
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Shareholder proxies spell out pay, perks
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Art:

Financial dispute puts artists in crossfire
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Sports:

Running Horse golf course firm files for bankruptcy
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Autos:

Cars Worth Less Than the Loans
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Collins & Aikman reports $740m loss for March
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Blackstone, Cerberus Collide Over Buyouts in Detroit
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Chrysler suitor back in town
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Allied investors sue Yucaipa, union
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Dana Canada employees vote yes to contract
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Strauss Discount Chapter 11 Plan OK'd
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Automakers are increasingly going global
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Ford can't afford to celebrate just yet
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Wagoner paid $10M despite GM losses
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The Politics of Executive Pay
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Vendors asked to repay South Shore Auto
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Enron:

The Enron attitude is still alive and kicking
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Student Debt:

Sen. Kennedy Starts Inquiry into Student Loan Collection Practices
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Gift offers part of student-loan probe
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The ABC's of Calculating Financial Aid
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Sallie Mae's private side
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'Preferred' student lender may not be best
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Consumer Bankruptcy:

Stories from the Front Lines
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What Not to Do Before Filing Bankruptcy
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Religion:

Local Catholics worry about churches' finances
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Turning to Churches or Scripture to Cope With Debt
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Cases against the Catholic Church may end, but the struggles of the abuse victims go on
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Health Care:

Creditors, ombudsman for BMC to be chosen
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Hospital Collections Under Wide Scrutiny, Says AHA Executive
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Congress, Regulators Likely to Take Interest in Collections
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Anna:

The Anna Nicole tapes
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Utilities:

Electric rates caught in sticky web of political considerations
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Oil/Gas:

Oil shale's bright promise gave way to dark days after Black Sunday
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Layoffs:

The Dreaded Pink Slip
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Tax:

Stop Tax Haven Abuse Act
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Mass Torts:

Silicosis doc surrenders license
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Predatory Lending:

U.S. Rep. Reintroduces Predatory Lending Act
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Committees:

Creditors' Committee Confidential
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Federal Judge Dismisses Appeal of Bankruptcy Ruling At Ex-Congressman's Request
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Unwinding the Deal When Bankruptcy Looms
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New Bankruptcy Opinions
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Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings
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Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11)
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Lovells targets insolvency with NY partner hire
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Warren: Wife Beaters and Bankrupts
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Real Estate:

Creditors eye savings of lender's employees
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Weathering the housing slump
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Subdivision hid hard by foreclosures
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Housing Slide Hits Q1 GDP - Crushing Community Banks
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Creditors Probe Collapse Of Subprime Lender New Century
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Good News, Bad News
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Ameriquest accused of unfair practices
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Hoping to save their homes in court
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American Home cuts outlook for 2007
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Paper:

Marcal pins hopes on fuel harvested from the farm
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Debt Collection:

How to deal with a debt collector
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Panel ponders secret recording of debt collectors
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Widow vs. Debt Collector
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Retailing:

Embattled Hancock Fabrics may find deliverance in recent investor moves
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Hotels:

Troubled Hotels and the Renegotiation of Management Agreements
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Wall Street:

Unusual trading surrounds biggest deals
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Accounting:

Puzzle Over Accounting Rules or Principles
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Pensions:

What they're taking from your 401(k)
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Adelphia reaches deal
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Why Franchisees Fail
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When the American dream goes bankrupt
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UK:

US white knight mooted for Focus
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Contracts and the law of the debt jungle
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Australia:

After the property goldrush
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Aussie courts hand another break to slippery BC fraud suspect
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Italy:

Parmalat to receive 22 mln eur from Banca delle Marche in settlement
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Canada:

Troubled furniture chain bankrupt
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Stylist to the stars takes financial haircut
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A case of wealthy contempt
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South Africa:

Plan to rescue bankrupt firms
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